New Year Special 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: save70

AAFM Certification CTEP Full Course Free

Page: 9 / 18
Total 472 questions

Chartered Trust & Estate Planner (CTEP) Certification Examination Questions and Answers

Question 33

With respect to the Income Tax structure in Singapore, the employment income is taxed at __________ or resident rate, whichever gives rise to a higher amount.

Options:

A.

10%

B.

12%

C.

15%

D.

20%

Question 34

In case of Discretionary Discounted Gift Trust, the settlor has the right to receive annual capital payments upto ________ of the original capital. The trust is suitable for individuals who have a liability to ______________ and are happy to make substantial gifts.

Options:

A.

5%; Gift Tax

B.

8%; Transfer Tax

C.

8%; Estate Duty

D.

5%; Inheritance Tax

Question 35

A Hindu coparcenary consists of a common male ancestor and his linear descendants in the male line within _______ degrees. ___________ is the state in which HUF is not recognized.

Options:

A.

Four, Karnataka

B.

Four, Kerala

C.

Three, Kerala

D.

Three, Karnataka

Question 36

Which of the following statement(s) about HUF Partition is/are correct?

Options:

A.

Both (i) and (ii)

B.

All except (i)

C.

Both (i) and (iii)

D.

All of the above

Page: 9 / 18
Total 472 questions